Tuesday, 9 January 2018

Markets take a breather after 3 days of buying spree

Markets remained in a narrow range throughout the day and ended on a flat note. Coal India, Yes Bank and Wipro were among the top gainers in the trade while Eicher Motors, Bajaj Auto were among the laggards.

Mid-cap index snapped its 4-day winning streak as market breadth ended in favor of declines with Advance decline ratio closing at 2:3x.

Nifty Index futures and Bank Nifty Index added fresh open interest to the tune of ~17.8 lakh/ 89K shares respectively, indicating a build-up of fresh long positions.

Tracking the Nifty options, 10500PE has ~69 lakh shares in total open interest, consisting of mainly short position, indicating a formation of the fresh floor for the index in January F&O expiry.

Bank Nifty weekly expiry contracts also witnessed put writing as the index inched higher.

India Vix ended the day at 13.84 up 0.8%....



   
Nifty: +13  points @ 10637
Bank Nifty:  +28 points @ 25704
Top 2 F&O Gainer: Coal India and PC JEWELLER
Top 2 F&O Loser: JPASSO and RCOM
Most Active Index Option Contract:  
Call Option:  10700CE, O.I: + ~3.03  lakh shares
Put Option: 10600PE, O.I: + ~10.97 lakh shares
Nifty Max O.I Strikes: 11000CE, 10400PE
Bank Nifty Max O.I Strikes: 26000CE, 25000PE (11th Jan 2018 Expiry)
   






1 comment:


  1. PREMIUM OPTION CALL: BUY #RPOWER 62.50 PUT ABOVE 4.75 TARGETS 4.95/ 5.50/ 6.50 STOPLOSS 4.45

    PREMIUM OPTION UPDATE: RPOWER 62.50 PUT FINAL TARGETS (6.50) HAS ACHIEVED BOOK RS /- 22750 #PROFIT PER LOT CMP 6.75

    Highlight Investment Research


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